Mixed-Use
2175 Spruce Street, Trenton, NJ 08638
For Sale
Contact for pricing
This 1965-built property carries BH zoning and supports a mixed-use commercial profile.
Property Size9,500 SF
Price / SF$347.37
Days on Market97
Property Features for 2175 Spruce Street
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Investment Type
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Clifton CRE
Listed By:
Meir Mizrachi · License #NJ 1861520
Source:
Crexi
Added: Aug 4
Changed: Oct 25
Last Checked: Nov 8 at 8:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clifton CRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 2175 Spruce Street in Trenton, New Jersey, this mixed-use property contains 9,500 square feet and was constructed in 1965. The property is zoned BH, providing its primary land-use designation for evaluation by prospective purchasers.
Key Highlights
- 9,500‑square‑foot mixed‑use property
- BH zoning designation
- Constructed in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,731
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,554,620
$3.6M
Cap Rate 7%
$2,539,014
$2.5M
Cap Rate 9%
$1,974,789
$2.0M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$273.6K $28.80/SF
− Vacancy
−$19.7K −$2.07/SF
EGI
$253.9K $26.73/SF
− OpEx
−$76.2K −$8.02/SF
NOI
$177.7K $18.71/SF
Area
Mercer County, NJ
Vacancy
7.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,554,620
Cap Rate 7%
$2,539,014
Cap Rate 9%
$1,974,789
Alternative Uses
Best Use
Industrial
$2.54M
$2.22M – $2.96M
NOI $177,731 @ 7.0% cap · market cap 5.39%
Second Best
Retail
$2.03M
$1.78M – $2.37M
NOI $142,063 @ 7.0% cap · market cap 4.30%
Theoretical Best
Warehouse
$3.06M
$2.67M – $3.57M
NOI $213,955 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 08638, NJ
23,548
Population
10,148
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
4,361
Density / Sq Mi
$65,650
Median Household Income
$40,374
Median Earnings
$1,499
Median Rent
$226,700
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Trenton, NJ
Properties on Market for Mixed-use properties in Trenton
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - This 1965-built property carries BH zoning and supports a mixed-use commercial profile.
Where is this mixed-use property located?
The property is located at 2175 Spruce Street Trenton, NJ.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 9,500‑square‑foot mixed‑use property; BH zoning designation; Constructed in 1965
